Darling wants cheaper oil passed to pumps

LONDON (Reuters) - Chancellor Alistair Darling said on Thursday the recent drop in world oil prices needed to be passed on to consumers swiftly.

“I want to see that reduction passed on to the pumps as quickly as possible ... because people are entitled to see the benefit of that falling price reflected in what they actually pay when they fill up the car,” Darling told GMTV.

Crude oil prices have fallen to trade around $70 (42 pounds) a barrel from over $147 a barrel in July.